Regarding the never-ending debate on the the currency wars, Greg Ip adds an important point: ..these conventional and unconventional actions work the same way: by lowering the real (inflation-adjusted) interest rate, they stimulate domestic demand and consumption…This pushes the exchange rate down in two ways. First, a lower interest rate reduces a currency’s relative expected [...] View the full post at: Another Entry on The Currency Wars Related posts: Balance of Trade: It’s Not Just the Currency U.S. Corporations: Hurt by Currency Fluctuations Where is the U.S. Currency?